REGISTERED NUMBER: 05504303 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

M&M PROPERTIES (LETTINGS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Smith

S Root

SECRETARY:

J Roff

REGISTERED OFFICE:

27 - 29 Hockliffe Street

Leighton Buzzard

Bedfordshire

LU7 1EZ

REGISTERED NUMBER:

05504303 (England and Wales)

ACCOUNTANTS:

Ad Valorem Accountancy Services Limited

2 Manor Farm Court

Old Wolverton Road

Old Wolverton

Milton Keynes

Buckinghamshire

MK12 5NN

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

8,185

8,207

8,185

8,207

CURRENT ASSETS

Debtors

7

421,517

454,052

Cash at bank

435,377

394,446

856,894

848,498

CREDITORS

Amounts falling due within one year

8

548,521

570,321

NET CURRENT ASSETS

308,373

278,177

TOTAL ASSETS LESS CURRENT LIABILITIES

316,558

286,384

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

316,458

286,284

SHAREHOLDERS' FUNDS

316,558

286,384

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2025 and were signed on its behalf by:

S Root - Director

M J Smith - Director

1.	STATUTORY INFORMATION

M&M Properties (Lettings) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention.

TURNOVER

The company's turnover represents the value, excluding value added tax, of commission received from landlords on rental properties and other associated income generated from those rental properties. Turnover is recognised based on commission generated when rental receipts are due from from tenants.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, has been amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Equipment

-

25% on reducing balance

Website development

-

50% on cost

TAXATION

Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

DEBTORS RECEIVABLE AND CREDITORS PAYABLE

Debtors and creditors with no stated interest rate and receivable or payable within or after one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

516,697

AMORTISATION

At 1 September 2024

and 31 August 2025

516,697

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

6.	TANGIBLE FIXED ASSETS

Improvements

Website

to property

Equipment

development

Totals

£

£

£

£

COST

At 1 September 2024

39,523

71,914

3,667

115,104

Additions

-

2,165

-

2,165

At 31 August 2025

39,523

74,079

3,667

117,269

DEPRECIATION

At 1 September 2024

39,523

63,707

3,667

106,897

Charge for year

-

2,187

-

2,187

At 31 August 2025

39,523

65,894

3,667

109,084

NET BOOK VALUE

At 31 August 2025

-

8,185

-

8,185

At 31 August 2024

-

8,207

-

8,207

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

499

553

Other debtors

421,018

453,499

421,517

454,052

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Clients' monies held

308,731

353,926

Trade creditors

22,460

18,202

Taxation and social security

204,432

191,447

Other creditors

12,898

6,746

548,521

570,321

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	OTHER FINANCIAL COMMITMENTS

The company had commitments of £18,829 as at 31 August 2025 (2024 - £16,626).

These all relate to vehicle leases.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

M J Smith

Balance outstanding at start of year

278,190

238,190

Amounts advanced

258,000

288,000

Amounts repaid

(288,000

)

(248,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

248,190

278,190

S Root

Balance outstanding at start of year

72,000

62,000

Amounts advanced

102,000

72,000

Amounts repaid

(72,000

)

(62,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

102,000

72,000

The loans are interest free and repayable on demand.